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Financial
Distress signals
Property profile

15 West St Annapolis, MD 21401

FOR SALE
Retail space
Property ID
US40-1208017
2,652 SF 0.04 ac lot
Last sale May 2015 · $630,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A street-level retail building totaling approximately 3,900 SF, with renovations completed that included major interior and property improvements. The building was formerly operated as a salon. The first and second floors together provide about 2,600 SF of space for retail use, and the property includes a fully improved basement of approximately 1,300 SF. It is located on the first block of West Street near Church Circle, close to the courthouse and downtown Main Street. The interior layout…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$9k
Tax billed · 2023
Assessed value$622k
Assessed land$420k
Assessed improvement$202k
Effective rate1.44%

Value estimate

· Oct 2026
$365k
$329k – $402k
AI approach$365k
NOI build-up
Gross scheduled income$84k
Vacancy & credit loss−$5k
Operating expenses−$24k
NOI · 2.51% cap applied$55k

Realmo valuation models over county records and 15 qualifying comparable sales.

Recently sold

What actually traded nearby?
$414/SF
County average, outlier-cleaned · 61 recorded sales of this use type
Observed band · Q1–Q3$243 – $662
Qualifying comparables15

Cap rate analysis

How does the asset earn?
2.51%
$55k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
MX
The Mixed Use district is designed to encourage a mixture of residential, office and retail uses within the inner West Street corridor co...
General categoryMIXED_USE
JurisdictionANNE ARUNDEL

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store10.0
Smoke and Vape Shop10.0
Dry Cleaner9.7

Location

15 West St Annapolis, MD 21401
County assessor Recorded deeds · 3 transfers 15 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
50 State, Annapolis, MD 21401-1900 $2,600,000 Jun 2025 3,116 SF
2002 Annapolis, Annapolis, MD 21401-7604 $160,000,000 Sep 2024 3,350 SF
117 Main, Annapolis, MD 21401-2002 $1,300,000 Jun 2024 2,376 SF
109 Main, Annapolis, MD 21401-2002 $942,500 Feb 2024 2,373 SF
3 Monticello, Annapolis, MD 21401-3411 $825,000 Jan 2022 2,350 SF
148 Jennifer, Annapolis, MD 21401-3042 $56,500,000 Feb 2020 2,384 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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